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CNBC's The China Connection newsletter: Betting on Shenzhen over Silicon Valley
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Hi, this is Evelyn, writing to you from Beijing.
Key facts
- July 17
- 20: Chinese President Xi Jinping to speak at World AI Conference (WAIC) in Shanghai
- CPI up 1%, PPI gains 4.1% in June year-on-year While China's consumer price index missed analysts' expectations, factory-gate prices were hotter than forecast with the strongest year-on-year rise
- U.S. robotics company Agility said 75% of its components are from America, and 1% from China
- July 15: China Q2 GDP and June retail sales, industrial production and investment data
Summary
"A lot of our clients come from the States," Woodard said. "We're not going to see India, Vietnam challenge anytime soon," he said. Thanks to supplier Foxconn, Apple built a significant manufacturing base in Shenzhen over two decades ago. "You have all the supply chain around you within probably a two-hour drive," said Even Realties CEO Will Wang, another former Apple employee who returned to Shenzhen to launch his smart-glasses startup.